The Economic Cost of Motor Vehicle Crashes, 1994U.S. Department of Transportation, National Highway Traffic Safety Administration, 1996 - Traffic accidents - 69 pages This report presents the results of an analysis of motor vehicle crash costs in 1994. The total economic cost of motor vehicle crashes in 1994 was 150.5 billion dollars. This represents the present value of lifetime costs for 40,676 fatalities, 5.2 million nonfatal injuries, and 27 million damaged vehicles, in both police reported and unreported crashes. Property damage costs of 52.1 billion dollars accounted for the largest share of costs, while lost market productivity accounted for 42.4 billion dollars. Medical expenses totalled 17 billion dollars. Each fatality resulted in an average discounted lifetime cost of 830,000 dollars. Alcohol-involved crashes caused 45 billion dollars or 30% of all economic costs, and 78% of these costs occurred in crashes where a driver or pedestrian was legally intoxicated (>=.10% BAC). Crashes in which police indicate that at least one driver was exceeding the legal speed limit or driving too fast for conditions cost 27.7 billion dollars in 1994. Public revenues paid for 24% of medical costs, and 9% of all costs resulting from motor vehicle crashes. These crashes cost taxpayers 13.8 billion dollars in 1994, the equivalent of 144 dollars in added taxes for each household in the United States. |
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1990 incidence Abbreviated Injury Scale ACCRA adjusted alcohol involvement alcohol-involved crashes analysis average BAC Level billion Blincoe and Faigin Blood Alcohol Content CODES study cost category cost of motor costs due crashes in 1994 distribution Dollars emergency services factors Federal GDP Deflator household productivity impact increase indicate individual crash victims inflation injury crashes Injury Rate injury severity inpatient insurance administration intoxicated drivers legal intoxication lost productivity MAIS1 MAIS2 MAIS3 MAIS4 Market Prod Medicaid medical costs Miller Millions of 1994 motor vehicle crashes motor vehicle injuries NASS NCSA NHTSA no-fault non-CDS nonfatal injuries PDO's police-reported injuries portion private insurance property damage rates of return real rate Rehab rehabilitation costs safety belt source of payment SOUTH DAKOTA speed involvement Speed Related speed-related crashes summarized in Table Summary total costs travel delay Treasury bills Trend uninjured occupants unit costs unreported injuries vehicle crash costs weight